Just got my hands on the marketing materials for a deal being syndicated by one of my (larger, more established) competitors. Was obviously thrilled to take a look at the forecast economics and how they are structuring deals. The structure is fine. They’re actually not really being compensated sufficiently for the work they’re doing on
From the “This Ain’t Just Capital Deployment” files: What did you do at your job yesterday? Me? Oh, I negotiated and then personally oversaw voluntary move-out by a guy who had been arrested for threatening his neighbors with an ax. Of course, I brought along two armed guards, plus a crew to help move his
Have been doing some thinking about ground up development of small-to-medium size apartment buildings lately. We’ve not built ground-up before, but we’re getting closer and closer and I believe ground-up is likely to be a big part of our business mix in the coming years. Here’s how I think about it: Assuming reasonable planning
My folks are planning to begin spending ~6 months per year in LA. I’ve therefore been looking into suitable rentals and condos. My parents are among the oldest Boomers. Like many of their generation, they’ve accumulated a decent amount of wealth through hard work and frugal living. Now, they want to spend time in LA.
“Do you have anything in your portfolio that you’re considering selling?” I get that question at the end of almost every conversation I have with a broker. And it makes sense, right? You don’t get business without asking for it. But the answer is, most assuredly, “No, and I probably won’t sell ever again.” Once